MicroStrategy (MSTR) to Release Earnings on Wednesday

MicroStrategy (NASDAQ:MSTR) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.48). The business had revenue of $111.44 million during the quarter, compared to analyst estimates of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share.

MicroStrategy Trading Down 0.7 %

Shares of NASDAQ:MSTR opened at $234.34 on Monday. The company has a market cap of $41.56 billion, a P/E ratio of -167.87 and a beta of 3.11. The stock’s 50-day moving average is $161.10 and its 200-day moving average is $150.13. MicroStrategy has a 52-week low of $39.82 and a 52-week high of $245.57. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MSTR. Maxim Group raised their price target on MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Canaccord Genuity Group lowered their price target on MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Benchmark raised their price target on MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Sanford C. Bernstein decreased their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Finally, Cantor Fitzgerald began coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Insiders Place Their Bets

In other news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total value of $6,612,665.20. Following the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,715,518. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the completion of the sale, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,838 shares of company stock worth $13,950,265 over the last quarter. Company insiders own 13.18% of the company’s stock.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.